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Purchasing of 6 million barrels per month of JP54

  • UK UK  
  • Quantity Required: 6000000 Barrel
  • Annual Purchase Volume: 72000000 Barrel
  • Last Updated:
    Posted on: 06 Jan 2021

  • Buying Frequency: Monthly
  • FOB Unit Price (USD): 38 Barrel
  • Payment Terms: T/T

RFQ Details

TRANSACTION WORKING PROCEDURE FOR FOB ROTTERDAM PORT.
1. Seller issues CI to Buyer to sign and return after receiving ICPO from buyer.
2. Seller issues to buyer
A. Tank Storage Receipt (TSR),
TANK INJECTION REPORT QUANTITY AND QUALITY CARRIED OUT IN SELLER'S TANK FROM SGS TEAM
B. Authority to Verify (ATV) and (ATS) Authorization to sell
C. Unconditional DTA. (IF REQUESTED)
4. After verification of positive Q&Q test result, the Buyer’s Bank shall communicate with the Seller’s Bank in order to get CAD operative.
Buyers sends to Seller also its Storage details (TSR) in Rotterdam Oil Terminal. The payment will be followed and cashed after positive and final inspection in Buyer’s tank and against transfer of product’s property title in Buyer’s name along with the final invoice of the fuel really injected in togheter the Exportation documents - The contract can be extended up to 36 months and will be activate by SBLC open by the Buyer in favour of the Seller after the success of the earlier trial transaction.
All the intermediares will be paid from Buyer's bank after 24/48 hours as per signed IMFPA.
E N D O F PROCEDURE